Attendees: Fr. Rob Howe (virtual), Pat Regier, Judy Gross, Andy Pasztor, Kathy Fothergill, Kevin Spencer (virtual), Mike Ericson (virtual)
Reported by: Fothergill
First Quarter Financial Results: Net Assets decreased by $33K during the quarter driven by roof replacement expenditures, and Catholic education support payments of $44K to St. Brigid School. First quarter Weekend Collections were $36K better than Budget but down $51K versus last year. The yearover-year decrease was not unexpected. Other revenue sources were below Budget, with lower Faith Formation activity fees and lower donations. Expenses for the quarter were better than Budget in all categories except Other Expenses, which were higher because of the Catholic education support payments. The favorable Expense variance may decrease in upcoming quarters, especially because of emergency assistance payments as weather gets colder and the pandemic continues with less government assistance. Weekend Collections continue to track ahead of budget in October, as many parishioners continue to mail their contributions. We saw an uptick in contributions when the outdoor Mass was started, so we may see a decline when that Mass is discontinued because of cold weather.
Christ Mission Appeal (formerly CSA): Most parishioners received a mailing from the Diocese announcing the new program. Our target assessment is $205,734, a reduction of 3% vs. last year. The entire CMA campaign will be coordinated by the Diocese, without Parish mailings or home visits. Our 2019 appeal concluded last June, raising $244K. This exceeded our target by $33K. The average gift was $341, which was flat with the prior year.
Facilities Update: Church roof replacement was completed October 13. The project went very smoothly, although the contractor had to use a different type of glue. The contractor worked with Dan Kozakiewicz and the Project Manager, Dave Taggett, to better understand and resolve the issue. There will be no impact on the Duro-Last 20-year warranty, but we will maintain supporting documentation in case there is a problem in the future. We made a partial payment of $87K in September and will pay the balance (approximately $105K) in the coming weeks. In addition, we completed painting of the church sign, exterior pillars and fascia. We made a partial payment for the Livestream Camera System, which has been ordered. We expect completion by early November.
Pat – October count is underway. Due to the pandemic, this year’s count will be abnormally low.
Fr. Rob – We offered to deed our playground equipment, which is on Parish property, to the City for its adjacent park, but they declined the offer because it would cost $200K to bring the equipment up to the City’s standards. We will watch for any signs of deterioration, reviewing in the Spring. Separately, would like to get back to 10% tithe for Christian Service funding as soon as we can … it should be a priority.
Following a prayer, the meeting adjourned at 8:05 p.m.